Retirement Systems of Alabama Raises Position in Vontier Co. (NYSE:VNT)

Retirement Systems of Alabama lifted its stake in shares of Vontier Co. (NYSE:VNT) by 42.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 705,740 shares of the company’s stock after buying an additional 209,227 shares during the period. Retirement Systems of Alabama owned about 0.47% of Vontier worth $25,738,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Squarepoint Ops LLC bought a new stake in shares of Vontier in the 2nd quarter worth $480,000. Creative Planning lifted its position in shares of Vontier by 2.8% during the 2nd quarter. Creative Planning now owns 17,918 shares of the company’s stock worth $684,000 after buying an additional 491 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Vontier by 102.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,888 shares of the company’s stock worth $187,000 after buying an additional 2,470 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Vontier by 4.4% in the second quarter. Cetera Investment Advisers now owns 44,010 shares of the company’s stock valued at $1,681,000 after acquiring an additional 1,872 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Vontier by 6.6% during the third quarter. SG Americas Securities LLC now owns 31,860 shares of the company’s stock valued at $1,075,000 after acquiring an additional 1,965 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VNT shares. Barclays reduced their price objective on Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group assumed coverage on shares of Vontier in a research note on Tuesday, December 10th. They issued a “buy” rating and a $47.00 target price on the stock. Citigroup decreased their price target on shares of Vontier from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Wolfe Research upgraded Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.63.

Vontier Stock Performance

Shares of VNT opened at $38.86 on Thursday. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10. The company has a market cap of $5.84 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. The stock has a 50-day moving average price of $37.77 and a 200-day moving average price of $36.15.

About Vontier

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.